Samsung Financial News

shares rose over 4% on Friday, a day after the chipmaker's unexpectedly strong quarterly report heralded a turnaround in fortunes after a long, margin-sapping struggle due to plummeting PC sales and a highly competitive data center market. The company's surprise second-quarter profit and its strong earnings and margin forecasts suggested the personal computer market slump was nearing an end, sparking the surge in its stock and the wider chip sector. Intel is poised to add about $6 billion to its market value, based on its current price of $36.

chipmakers are celebrating the beginning of the end of a semiconductor supply glut, but the outlook for demand from customers outside the artificial intelligence (AI) industry remains gloomy. All the major markets for chips — smartphones, PCs and data centres — have shrunk this year, as both corporate customers and consumers scale back spending amid a weak global economy, high inflation and rising interest rates.

NEW DELHI : India has unfairly withheld from South Korean companies the incentives they were promised under the government’s production-linked incentive (PLI) schemes, the New Delhi chief of a top Korean trade body said. Arbitrary policy changes are a key concern for Korean companies investing in India, Lee Young-Ho, chief trade representative at the New Delhi office of the Korea International Trade Association (KITA), said in an interview. This is the first time that a Korean trade body has remarked on the challenges related to the PLI scheme.

Samsung launched two new foldable smartphones, a new Galaxy Tab S9 tablet in three variants and four new versions of the Galaxy Watch at its Galaxy Unpacked event. Here's a quick rundown of everything that's new:

Samsung Electronics Co. is considering adding an affordable option to its portfolio of foldable phones, in a move to hasten adoption of the novel form factor.

artificial intelligence (AI) technologies following the post-Covid economic downturn. Samsung's recent financial report showed net income surpassing expectations. The company expressed confidence that AI-related applications would fuel memory demand growth by the end of the year.

Samsung has launched Galaxy Watch 6 series in Indi... moreSamsung has launched Galaxy Watch 6 series in India.

Foldable smartphones in India will grow at over 65 percent year-on-year while the foldable segment and Samsung will have an edge due to its brand salience and market stewardship, CyberMedia Research (CMR) Industry Intelligence Group Head Prabhu Ram was quoted as saying by news agency PTI. The Galaxy Z Flip 5 has two models.

OnePlus foldable phone. According to it, the device could be called OnePlus Open. ‘We OPEN when others FOLD,’ OnePlus said in a tweet.

Samsung will be making its latest foldable smartphones locally in India, serving a growing base of premium smartphone users, and pursuing an aggressive market strategy with presence across 10,000 retail stores to tap into the hinterlands, senior executives of the company said. «The new devices were made possible because of world class R&D and manufacturing capabilities, especially in India. I am happy to announce that both the Galaxy Z Flip5 and Z Fold5 will be manufactured in our Noida factory in India,» Samsung Southwest Asia CEO, JB Park said. Park added that Samsung is the fastest growing smartphone brand in the premium segment in India. «More and more Indians are looking to upgrade to premium devices,» he said. Now in its fifth iteration, the latest foldables that includes the Samsung Galaxy Z Flip5 and ZFold5 comes with incremental upgrades such as a faster processor, thinner and lighter body, and a brighter display.

Investing.com — Most Asian stocks rose on Thursday as appetite for risk-driven markets was boosted by the Federal Reserve raising interest rates as expected and downplaying the prospect of a U.S. recession this year.

By Joyce Lee and Ju-min Park

Samsung Electronics has unveiled two new foldable smartphones in a bet on devices with bending screens

Samsung has announced the India pricing of its latest foldable smartphones, smartwatches and tablets, a day after the global launch. The Samsung Galaxy Z Flip5 starts at Rs 99,999 for the base variant with 8GB RAM and 256GB storage variant. The 512GB storage variant of the smartphone is priced at Rs 109,999.

Smartwatches are no longer slow devices with limited functionality that seem to be searching for a reason to exist. They’ve come a long way in the past decade, offering vibrant screens, accurate fitness tracking and the ability to make calls without being tethered to your phone. In fact, today’s smartwatches provide solutions to a variety of problems, and what started as a niche product for tech enthusiasts can now be found on wrists around the world.

Never miss an appointment, date, or deadline. And keep an eye on your health. Sounds like a win-win situation!Galaxy Watch 6, the new generation of smartwatches launched by the consumer electronics titan Samsung at the Galaxy Unpacked Event in Seoul, promises to be more than just a cool-looking smartwatch!

Galaxy Unpacked event in South Korea today where it launched new Galaxy Z Flip 5, Galaxy Z Fold 5, Galaxy Tab S9 series and Galaxy Watch 6 series. The new-genEration of Samsung Galaxy Watch 6 series consists of two new smartwatches - Galaxy Watch 6 and Galaxy Watch 6 Classic.

Galaxy Unpacked 2023 event in South Korea today. Along with new generation of foldable phones, the company unveiled its new Galaxy Tab S9 series comprising three models - Samsung Galaxy Tab S9, S9+ and S9 Ultra with Dynamic AMOLED 2X display and Qualcomm Snapdragon 8 Gen 2. Samsung Galaxy Tab S9 series comes in two colors- Beige and Graphite.

Samsung Galaxy Watch 6 Series is here. It consists of two smartwatches - Samsung Galaxy Watch 6 and Galaxy Watch 6 Classic which the company says are designed to help users build healthier habits every day and through the night. “With the new Galaxy Watch6 and Galaxy Watch6 Classic, we are delivering on our commitment to democratize advanced health monitoring tools, now offering easier access right from the wrist," said TM Roh, President and Head of Mobile eXperience at Samsung Electronics.

Samsung Galaxy Z Fold 5 is now official. The all-new foldable phone comes powered by Qualcomm Snapdragon 8 Gen 2 platform and is equipped with a 7.6-inch QXGA+ main screen. The company did not reveal the price of the foldable phone for the Indian market.

Galaxy Unpacked event, Samsung today took the wraps off its latest generation of Galaxy Z Flip foldaphone. The company unveiled Galaxy Z Flip 5 with 6.7-inch FHD+ Dynamic AMOLED 2X main display and 3.4-inch Super AMOLED 60Hz cover display. TM Roh, President and Head of Mobile eXperience Business at Samsung Electronics said “Samsung is revolutionizing the mobile industry with foldables by setting the standard and continually refining the experience.